Gevo, Inc. (NASDAQ:GEVO) Insider Sells $63,779.07 in Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Andrew Shafer sold 26,911 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares of the company's stock, valued at approximately $787,859.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gevo Price Performance

GEVO traded down $0.63 during trading on Wednesday, hitting $1.72. 17,817,976 shares of the company traded hands, compared to its average volume of 5,873,327. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The company has a market cap of $411.89 million, a PE ratio of -5.44 and a beta of 2.94. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39. The stock's 50-day simple moving average is $1.74 and its two-hundred day simple moving average is $1.03.

Gevo (NASDAQ:GEVO - Get Free Report) last released its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The firm had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. During the same quarter last year, the business earned ($0.06) EPS. As a group, sell-side analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Gevo

A number of large investors have recently modified their holdings of the company. Lauterbach Financial Advisors LLC bought a new stake in shares of Gevo in the 3rd quarter valued at about $29,000. Bayesian Capital Management LP purchased a new stake in shares of Gevo in the first quarter valued at approximately $27,000. XTX Topco Ltd raised its position in Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company's stock worth $74,000 after acquiring an additional 51,057 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Gevo by 79.5% during the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company's stock valued at $110,000 after acquiring an additional 63,179 shares during the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in Gevo during the 3rd quarter worth $114,000. Hedge funds and other institutional investors own 35.17% of the company's stock.

Analysts Set New Price Targets

GEVO has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. HC Wainwright restated a "buy" rating and set a $14.00 target price on shares of Gevo in a research note on Friday, October 18th.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.

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